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ORLANDO-West Palm Beach, FL-based Dasco Cos., a 17-year-old national medical office building developer/investor/lender, is acquiring seven structures totaling 221,916 sf from Orlando Regional Healthcare Systems for $20.2 million or $91 per sf.

James Heistend, chairman/owner of Dasco and Orlando-based Capitol Partners, couldn’t be reached at GlobeSt.com’s publication deadline to learn the closing date of the deal which is expected to be completed before year end.

Area brokers tell GlobeSt.com on condition of anonymity the $91 per-sf price is below existing replacement costs of at least $125 per sf for comparable assets.

The prepared statement from Dasco didn’t disclose the age of the buildings or their individual dimensions. Orlando Regional will continue to lease a total 67,420 sf in several of the buildings.

Brent Barnes, former development direct at Raleigh, NC-based Highwoods Properties Inc., directs Dasco’s Florida portfolio. The company expects to invest $150 million in medical office properties nationally this year, according to a published report.

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